Sustainability

Sustainability 

Sustainability Report

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Reporte de Sostenibilidad

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Focused on Acquisition, Development and Exploration of Material Oil Assets in Peru


Events & Presentations

Events &
Presentations 

PetroTal Current Investor Presentation

Webcast Replays

September 2021 – Presentation – View PDF

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August 2021 – Presentation – View PDF

June 2021 – Presentation – View PDF

April 2021 – Presentation – View PDF

March 2021 – Presentation – View PDF

January 2021 – Presentation – View PDF

August 2020 – Presentation – View PDF

February 2020 – Presentation – View PDF


The Oil & Gas Conference – August 17, 2021

EnerCom Dallas – The Energy Investment & ESG Conference 2021

Pareto Securities’ E&P Independents Conference 2021

Malcolm Graham-Wood talks with Manolo Zúñiga, President & CEO of PetroTal

CPF-2 en route to Bretaña from Ecuador – January 2021

The Oil and Gas Conference | August 2020

Schlumberger Interview August 2020

The Oil and Gas Conference – August 2019

Our team continues to deliver ahead of schedule, which sets the stage for PetroTal to grow for the foreseeable future.


Continued Execution to Create Value


Investor Relations

Investor
Relations 

PetroTal Corp.’s common shares are listed on the TSX Venture Exchange under the symbol TAL and on the AIM London Stock Exchange under the symbol PTAL

CURRENT INVESTOR PRESENTATION

September 2021 Investor Presentation – View PDF

AUGUST 2021 INVESTOR PRESENTATION

August 2021 Investor Presentation – View PDF

APRIL 2021 INVESTOR PRESENTATION

April 2021 Investor Presentation – View PDF

JANUARY 2021 INVESTOR PRESENTATION

January 2021 Investor Presentation – View pdf

AUGUST 2020 INVESTOR PRESENTATION

August 2020 Investor Presentation – View pdf

DECEMBER 2019 INVESTOR PRESENTATION

December 2019 Investor Presentation – View pdf

ANNUAL MEETING DISCLOSURE DOCUMENT (2019)

Management Information Circular – View pdf

SPECIAL MEETING DISCLOSURE DOCUMENTS (OCTOBER 2018)

Management Information Circular – View pdf

ANNUAL MEETING DISCLOSURE DOCUMENTS (2018)

2018 Management Proxy Circular – View pdf

Petrotal’s Competent Person’s Report as of June 30 2018 – View pdf

FILING STATEMENT

PetroTal Corp. Annual Information Form dated April 30, 2018 – View pdf

PetroTal Corp. Filing Statement dated November 29, 2017 – View pdf

SECURITIES FILINGS

Securities documents filed with SEDAR

REGISTRAR & TRANSFER AGENT

Computershare Investor Services Inc

9th Floor, 100 University Avenue, Toronto, Ontario, Canada, M5J 2Y1
Tel: +1-800-564-6253
Fax: +1-888-453-0330 or +1-416-263-9394
Email: service@computershare.com

CORPORATE OFFICE

PetroTal Corp.

11451 Katy Freeway, Suite 500, Houston, Texas USA 77079
Tel: (713) 609-9101
Email: info@petrotal-corp.com

Our team continues to deliver ahead of schedule, which sets the stage for PetroTal to grow for the foreseeable future.

Contact Investor Relations

Low Risk Assets with Significant Future Upside


Shareholder Meetings

Shareholder Meetings

Welcome to PetroTal's Shareholder Meeting


PetroTal Corp. is using the notice-and-access model for the delivery of meeting materials to its shareholders.

Under notice-and-access, shareholders still receive a proxy or voting instruction form enabling them to vote at the shareholders’ meeting. However, instead of a paper copy of the management information circular dated May 13th, 2021, shareholders receive a notice with information on how they may access such materials electronically. The use of this alternative means of delivery is a more environmentally friendly way to distribute these materials since it reduces printing, paper and postage.

This year, to proactively deal with the public health impact of COVID-19, the meeting will be held in a virtual-only format, which will be conducted via live webcast by clicking the hyperlink provided here, and teleconference at
1-800-319-4610 (Canada/ U.S. toll-free) or 1-604-638-5340 (International Toll). All Shareholders are strongly encouraged to vote prior to the meeting by any of the means described below, as in-person voting at the time of the meeting will not be possible.

Please Review The Circular Prior To Voting

You can access the meeting materials by clicking on the links below. Shareholders may request that a paper copy of the meeting materials be sent to them by postal delivery at no cost to them. Requests may be made up to one year from the date the Circular was filed on SEDAR by:

  • Calling Broadridge Financial Solutions Inc. at 1-877-907- 7643 (if you have a control number) and
    1-855-887-2243 (if you do not have a control number).; or
  • Online at www.proxyvote.com (if you have a control number).

Meeting Materials

Continued Execution to Create Value


Block 107

PetroTal
Operations

Focused on Peru

Block 107 – Osheki Prospect Ready to be Drilled

Potential Resource

  • Osheki Structure is a sub-thrust play similar to Cusiana complex in the Llanos Foothills of Colombia
  • Mean Estimate Unrisked prospective resources of 534 MMBO
  • 2-D seismic completed with drilling permits approved
  • De-risked with new 3D Geologic Model supporting Cretaceous reservoirs with oil charge from high quality Permian source rocks

Exploration Strategy

  • Farm out process commenced in 2022
  • Targeting first exploration well in 2022


Focused on Acquisition, Development and Exploration of Material Oil Assets in Peru


Block 95

PetroTal
Operations

Focused on Peru

Bretaña: Large Undeveloped Oil Field

Large oil field with recent first production

  • 3D seismic acquired in 2014
  • Five wells define structure and continuity of reservoir
  • 100% oil production with nominal gas
  • First production initiated in June 2018 on time and under budget
  • Capex of $18.5 million to first oil  – 25% under original budget

Development Plan in place

  • Enhanced production from first well to 2,000 bopd in November following installation of oil well pump and water treatment and reinjection facilities
  • Full development targeting plateau >10,000 bopd from 11 oil producing wells in 2020
  • Infrastructure and export routes in place – established barging and pipeline route to tide-water market

Exploration upside on trend

  • Additional development drilling should define Bretaña recovery factor from 12% to management’s expected 24%
  • 5 exploration prospects / leads on trend with Bretaña


Focused on Acquisition, Development and Exploration of Material Oil Assets in Peru


Contact

Contact 

Office - Calgary

Stikeman Elliott LLP
4300 Bankers Hall West
888 – 3rd Street S.W.
Calgary, AB T2P 5C5
Canada

US Corporate Office - Houston

11451 Katy Freeway, Suite 500
Houston, TX
USA 77079

Tel: (713) 609-9101

E-mail: info@petrotal-corp.com
Corporate Access Number: 202245320
Place of Incorporation: Province of Alberta, Canada
GST Number: 10414 3615 RT0001

Investor Relations Contact:
InvestorRelations@petrotal-corp.com


Focused on Acquisition, Development and Exploration of Material Oil Assets in Peru


Board of Directors

Board of
Directors 

President and Chief Executive Officer and Corporate Secretary

Manuel Zúñiga is a petroleum engineer with 30 years of industry experience. Mr. Zúñiga was a founder and the President and Chief Executive Officer of BPZ when oil was discovered in the Corvina field of the Z-1 Block, brought online in less than two years using the first floating production storage and offloading (FPSO) unit ever used in Peru and developed with a buoyant drilling and production platform. Prior to completion of the Arrangement, Mr Zúñiga had been the President and Chief Executive Officer and Chairman of the Managers of PetroTal LLC since January 2016.

He started his career as a junior engineer with Occidental Petroleum where he worked in Block 1-AB, located in the northern jungle of Peru. He was born and raised in Talara, Peru and has led exploration and development projects for oil and gas in Peru, as well as other countries in Latin America. He has established relationships with operators in Peru, including owners of the targeted assets, and has good relationships with government agencies in the region. Mr. Zúñiga holds a Bachelor of Science degree in Mechanical Engineering from the University of Maryland and a Masters of Science degree in Petroleum Engineering from Texas A&M University.

Non-Executive Director

Gary Guidry is a professional engineer with more than 35 years of experience developing and maximizing assets in the international oil and gas industry. Mr. Guidry has direct experience managing large, international projects, including assets in Latin America, Africa, the Middle East and Asia. Mr. Guidry is currently the President, Chief Executive Officer of GTE and prior to that was the President and Chief Executive Officer of Caracal Energy Inc. (now known as Glencore E&P (Canada) Inc. (“Glencore”)). Mr. Guidry received a Bachelor of Science degree in Petroleum Engineering from Texas A&M University in 1980 and is an Alberta-registered professional engineer and a member of the Association of Professional Engineers and Geoscientists of Alberta.

Mr Guidry is one of two representatives of GTE on the Board and is therefore not considered to be independent.

Non-Executive Director

Ryan Ellson has more than 17 years of experience in a broad range of international corporate finance and accounting roles. Mr. Ellson is currently the Chief Financial Officer of GTE and prior to that was Head of Finance for Glencore and held the position of Vice President, Finance. Mr. Ellson is a Chartered Accountant (CA) and holds a Bachelor of Commerce degree and a Master of Professional Accounting degree from the University of Saskatchewan.

Mr Ellson is one of two representatives of GTE on the Board and is therefore not considered to be independent.

Non-Executive Director

Gavin Wilson is an Investment Manager for Meridian Group of Companies, a private investment company, which has a significant shareholding in the Company. Mr. Wilson was the Founder and Manager of RAB Energy and RAB Octane, listed investment funds, from 2004 until 2011. From 1992 to 2003, he worked with Canaccord Capital London, an investment banking company, as Head of Oil and Gas, responsible for sales and Corporate Brokering/Finance. He holds a Bachelor of Arts degree in French History and Civilization.

Non-Executive Director and Chairman of the Board

Mark McComiskey is a partner at AVAIO Capital, a firm that focuses on value-added infrastructure investment and that spun-out of AECOM in 2019. Prior to AVAIO, Mr. McComiskey was a partner at Prostar Capital’s energy business and its successor firm, Vanwall Capital, LLC. Prior to Prostar, he was Co-Head of private equity at First Reserve, a private equity firm focused on the energy industry.

In addition to PetroTal, Mark has held various board positions for public and private companies in the US, Canada and Europe, including DHT, Dresser Rand, Ansaldo Energia, CHC, Sterling Resources, and Cambridge Energy Research Associates.

Mark holds an AB in economics, magna cum laude, from Harvard College and a Juris Doctorate, magna cum laude, from Harvard Law School.

Non-Executive Director

Eleanor Barker is President of Barker Oil Strategies and since 2017 has been a Director and Chair of the Audit Committee of Serinus Energy plc. She was a Director of Sterling Resources Ltd. from 2014 to 2017. For over 30 years, Ms. Barker was an Oil and Gas Investment Analyst in Canada. Since 1995, Ms. Barker has focused exclusively on International Oil and Gas research. Ms. Barker is a past Director of the US National Association of Petroleum Investment Analysts and a former President of the Canadian Association of Investment Analysts. From 1993 to 1995 Ms. Barker was a Director of Gordon Capital. Prior to work in financial markets, she held various positions with Esso and Gulf Canada. Ms. Barker holds an MBA from the University of Western Ontario and an Hons. B.Sc. from Queen’s University.

Non-Executive Director

Roger Tucker brings a wealth of experience having been a senior executive in the Energy sector across the globe for over 3 decades. He has held positions in companies ranging in scope and scale from Multinational Majors, listed independents, new emerging market players and private equity funded entities.

Most recently Dr Tucker has been involved in Private Equity investing in the energy space.

He has directly managed very significant development projects including one of the worlds largest field redevelopment projects located in Venezuela.

He has lived and worked in multiple countries during his career.

Roger holds a PhD in Sedimentology & Geochemistry and a BSc in Geology both from the University of Newcastle upon Tyne.

Our team continues to deliver ahead of schedule, which sets the stage for PetroTal to grow for the foreseeable future.

Board Committees

Audit Committee

Eleanor Barker*
Mark McComiskey
Ryan Ellson

Corporate Governance Committee

Mark McComiskey*
Ryan Ellson
Gavin Wilson

Reserves Committee

Roger Tucker*
Gavin Wilson
Gary Guidry
Manuel Pablo Zuniga-Pflucker

HS&E and CSR Committee

Gary Guidry*
Gavin Wilson
Roger Tucker

*Chairman


Management and Technical Team with In-depth Expertise and Proven Track Record in Peru


Corporate Governance

Corporate
Governance  

The Board is committed to the highest of corporate governance. The Board pursues to comply with the corporate governance requirements of the TSX-V  and applicable Canadian securities laws including, but not limited to NI51-102, NI 52-110, NI 58-101 and TSXV Policy 3.1 – Directors, Officers, other Insiders and Personnel and Corporate Governance.

The Company has adopted corporate governance practices and procedures consistent with the relevant Canadian corporate governance standards appropriate for a publicly listed company. In particular, the Company has adopted a corporate code of conduct and mandate for its Board.  It has also established and properly constituted an Audit Committee, a Corporate Governance and Compensation Committee, Reserves Committee, and  Health, Safety, Environment and Corporate Social Responsibility Committee to assist the Board in fulfilling its responsibilities for governing the Company.

The Company has also adopted a corporate disclosure and insider trading policy to ensure compliance with the share dealing provisions set out in article 19 of MAR and Rule 21 of the AIM Rules. The policy applies to inter alia all Directors and senior officers of the Group, employees who may be in possession of or have access to unpublished price-sensitive information concerning the Company, their spouses, civil partners, children under 18 and any other person who is otherwise classified as a PDMR and their PCAs under MAR (together the “Designated Persons”). The policy applies to the Designated Persons whether they are acting directly or through another person or company.

Corporate Governance Documents

Audit Committee Charter

The Audit Committee is appointed annually by the Board and is comprised of three (3) members, the majority of which shall be independent directors. The Board shall appoint the chairman of the Audit Committee. The members of the Audit Committee at the date of this document are Douglas Urch (as the Chairman), Mark McComiskey and Ryan Ellson. The Audit Committee shall meet at least four times annually or more frequently as circumstances dictate.

The duties of the Audit Committee include: (i) reviewing, prior to release, the annual and quarterly financial statements and other financial information provided by the Company to regulatory authorities and the Shareholders; (ii) reviewing the effectiveness of the Company’s internal audit function and controls; (iii) reviewing the performance of the Company’s external auditors annually; (iv) providing an avenue for internal reporting of financial wrong doing; and (v) providing an open avenue of communication among the Company’s auditors, senior management and the Board. The full terms of reference are set out in the Audit Committee Charter last amended on 30 May 2018 and available on the Company’s website.

The Audit Committee will also be responsible for overseeing the Group’s compliance with the AIM Rules and MAR.
Commerce degree.

Corporate Governance And Compensation Committee Charter

The Board established a Corporate Governance and Compensation Committee comprised of three (3) directors of the Company, the majority of which shall be independent directors as defined by the TSXV regulations. The Board shall appoint the chairman of the Corporate Governance and Compensation Committee. The members of the Corporate Governance and Compensation Committee at the date of this document are Mark McComiskey (as the Chairman), Ryan Ellson and Gavin Wilson. The Committee shall meet at least once annually, or more frequently as circumstances dictate or as otherwise directed by the Board.

The primary duties of the Corporate Governance and Compensation Committee include: (i) reviewing and determining the compensation policies of the Company with respect to the directors, officers, employees and consultants of the Company; (ii) proposing to the Board new nominees to the Board and for assessing the Directors on an ongoing basis; and (iii) responding to and implementing the guidelines set forth from time to time by any applicable regulatory authorities. The full terms of reference are set out in the Corporate Governance and Compensation Committee Charter last amended 21 Jan 2020 and are available on the Company’s website.

Health, Safety, Environment and Corporate Social Responsibility Committee

The Board established a Health, Safety, Environment and Corporate Social Responsibility Committee comprised of no less than three (3) members the majority of whom shall be outside directors of the Company. The Board shall appoint the Chair of the Health, Safety, Environment and Corporate Social Responsibility Committee who shall similarly be an outside director. The members of the Health, Safety, Environment and Corporate Social Responsibility Committee at the date of this document are Douglas Urch (as the Chairman), Gavin Wilson and Gary Guidry. The Committee shall meet at least once annually or more frequently as circumstances dictate or as otherwise directed by the Board.

The general duties of the Health, Safety, Environment and Corporate Social Responsibility Committee include: (i) regularly reviewing health and safety policies and procedures, monitoring compliance with such policies, maintaining management systems to implement such policies and reporting on its findings to the Board; (ii) regularly reviewing environmental activities in terms of environmental policies of the Company and reporting on its findings to the Board; and (iii) reviewing social aspects of the Company’s operations in terms of social responsibility policies of the Company and reporting on its findings to the Board. The full terms of reference are set out in the Health, Safety, Environment and Corporate Social Responsibility Committee Charter last amended on 30 May 2018 and available on the Company’s website.

Reserves Committee

The Board established a Reserves Committee comprised of no less than three (3) Directors of the Company, the majority of whom shall be outside directors of the Company and preferably individuals with engineering or geographical experience. The Board shall appoint the Chair of the Reserves Committee who shall be an outside director. The members of the Reserves Committee at the date of this document are Gavin Wilson (as the Chairman), Gary Guidry and Manuel Pablo Zúñiga-Pflücker. The Committee shall meet at least once annually or more frequently as circumstances dictate or otherwise directed by the Board.

The duties of the Reserves Committee include: (i) reviewing the expertise of the independent engineering firm which has prepared the Company’s reserves and/or resources evaluations; (ii) meeting with the independent engineering firm to discuss their report and key assumptions and (iii) considering the information supplied to the firm with respect to matters such as product prices, operating costs, royalty burdens etc. The full terms of reference are set out in the Corporate Governance and Compensation Committee Charter last amended on 30 May 2018 and are available on the Company’s website.

Audit Committee Charter

(amended May 30, 2018)

Share Ownership Guidelines

(amended May 30, 2018)

Reserves Committee Charter

(amended May 30, 2018)

Clawback Policy

(amended June 16, 2019)

ESTMA Reports

ESTMA 2018 PetroTal Annual Report

(amended September 17, 2020)

ESTMA 2019 PetroTal Annual Report

(amended September 17, 2020)

ESTMA 2020 PetroTal Annual Report

(amended June 10, 2021)

PetroTal Corp. is committed to high standards of conduct, ethics and corporate governance.